Cintas Co. (NASDAQ:CTAS) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft reduced its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 71.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268 shares of the business services provider's stock after selling 3,152 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Cintas were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CTAS. Ibex Wealth Advisors bought a new position in Cintas during the fourth quarter valued at approximately $249,000. Iams Wealth Management LLC increased its position in Cintas by 39.7% in the fourth quarter. Iams Wealth Management LLC now owns 2,525 shares of the business services provider's stock worth $461,000 after purchasing an additional 718 shares during the last quarter. Forsta AP Fonden raised its stake in Cintas by 5.2% during the fourth quarter. Forsta AP Fonden now owns 117,800 shares of the business services provider's stock valued at $21,522,000 after purchasing an additional 5,800 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Cintas by 13.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 252,187 shares of the business services provider's stock valued at $46,075,000 after purchasing an additional 29,471 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Cintas in the 4th quarter worth $247,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTAS. Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. UBS Group cut their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $198.46.

Cintas Stock Down 0.8 %

Shares of CTAS stock traded down $1.61 on Friday, hitting $200.57. The stock had a trading volume of 1,321,455 shares, compared to its average volume of 1,704,314. Cintas Co. has a one year low of $150.48 and a one year high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a market cap of $80.94 billion, a PE ratio of 48.36, a P/E/G ratio of 3.83 and a beta of 1.37. The business has a 50 day moving average price of $201.15 and a 200 day moving average price of $206.46.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned $3.61 earnings per share. Cintas's revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio is currently 37.59%.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.